INDIANAPOLIS (Inside INdiana Business) — Indianapolis-based Arbor Homes has acquired Lousville, Kentucky-based Elite Homes.
Terms of the deal were not disclosed.
Officials from Arbor say the company is committed to maintaining the Elite Homes brand of providing luxury homes for the move-up market. The company plans to use the deal to expand Arbor’s portfolio and open it to the Louisville market. Arbor also plans to add entry-level homes under its brand, helping to fill a gap in the into the Louisville community market.
“Elite and Arbor share a common culture with a commitment to excellence and expertise as well as a dedication to providing the best Team Member experience,” said Arbor President Curtis Rector in a statement. “After meeting Joe and the entire Elite team, we immediately recognized their level of expertise and commitment to building high-quality homes. The Elite name, with both contractors and homeowners, is second to none in Louisville, and we’re excited about the potential opportunities this partnership can bring to future homeowners.”